Tech shares fall after Nvidia says new US controls on exports of AI chip will cost it $5.5 billion - Electronic Products & Technology
6 Articles
6 Articles
Tech shares fall after Nvidia says new US controls on exports of AI chip will cost it $5.5 billion - Electronic Products & Technology
Shares in computer chipmakers slumped this week after Nvidia said tighter U.S. government controls on exports of computer chips used for artificial intelligence will cost it an extra $5.5 billion. The company, which announced Monday that it will produce its artificial intelligence super computers in the United States for the first time, said the government told it that its H20 integrated circuits and others of a similar bandwidth would be subjec…
US Chipmakers Fear Ceding China's AI Market to Huawei After New Trump Restrictions
The Trump administration is "taking measures to restrict the sale of AI chips by Nvidia, Advanced Micro Devices and Intel," especially in China, reports the New York Times. But that's triggered a series of dominoes. "In the two days after the limits became public, shares of Nvidia, the world's leading AI chipmaker, fell 8.4%. AMD's shares dropped 7.4%, and Intel's were down 6.8%." (AMD expects up to $800 million in charges after the move, accord…
Coverage Details
Bias Distribution
- 100% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage